An Education Expense Deduction Can Be Allowed Even If the Education

question 145

True/False

An education expense deduction can be allowed even if the education results in a promotion or pay raise for the employee.

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Definitions:

Communist Nations

Nations that adopt communism as their political and economic system, aiming for a classless society where property is publicly owned.

Refugee Act

Legislation passed in 1980 by the United States to establish a comprehensive federal policy for the resettlement and humanitarian assistance of refugees.

Tax Increase

The government's act of raising the amount required to be paid on earnings, purchases, or property to generate revenue for public projects and services.

Revenue Enhancements

Euphemistic term for measures aimed at increasing governmental income, typically through raising taxes or fees.